Answer:
$30,000
Explanation:
Usually, patents do not have a salvage value. If the useful life is 16 years, the amortization rate will be 1/16 x 100
=0.0625 x 100
=6.25%
Before January 2017, the trademark had been amortized for four years ( 2013, 2014, 2015, and 2016.)
Amortization per year = 6.25% x $400,000
=0.0625 x $400,000
=$25,000 per year: Four year amortization would be
=$25,000 x 4
=$100,000
The Book value as of January 2017 will be
=$400,000 -$100,000
=$300,000
add legal fee
=$300,000 + $60,000
=$360,000
remaining useful life = 16 -4 years = 12 years.
new depreciation rate = 1/12 x 100
=0.08333
Depreciation amount for 2017
= 0.08333 x $360,000
=$30,000
Answer:
Depends on the valuation method, it can be either:
A) $7,605,000
B) $8,450,000
Explanation:
A) If Carla Vista uses the "expected value method", then the transaction price of this arrangement should = $8,450,000 x 90% = $7,605,000
B) If Carla Vista uses the "most likely method", then the transaction price of this arrangement should = $8,450,000
Answer: adjective
Explanation:
In the sentence Beth and the sales representative reviewed the product descriptions on the website, we can then infer that the word sales is an adjective.
This is because sales as used in the sentence qualifies the noun representative. Questions such as how many are answered by an adjective.
